a quarterly report by - Technopak
a quarterly report by - Technopak
a quarterly report by - Technopak
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perspective<br />
a quar terly repor t <strong>by</strong><br />
Volume 02 / 2009<br />
| Volume 02<br />
One remarkable example of a ‘revolutionary’ in social media space is Dell. Social media is the core to<br />
the company’s marketing strategy with multiple groups on various social media sites to cater to different<br />
customer segments. These include:<br />
•Dell Forum: To interact, ask questions, and give suggestions about computer & electronics technology<br />
• StudioDell: An interactive helpdesk for consumers, SMEs & IT professionals<br />
• Direct2Dell: Dell’s official corporate blog to enable sharing of thoughts<br />
• Dell@DellOutlet: A twitter account that tweets out major discounts for Dell computers and products<br />
• Dell Ideastorm: A website <strong>by</strong> the company to post, vote for and see ideas becoming a reality<br />
Dell has used all these platforms not just to reach out to its existing and future customers but also to<br />
generate new product ideas and even revenue <strong>by</strong> achieving sales worth millions.<br />
HP has achieved remarkable success in branding its products <strong>by</strong> engaging the consumer - enabling<br />
people to express themselves in a creative manner. Apart from connecting with consumers, companies<br />
like IBM and Best Buy have taken social media to a different level. While IBM uses social media to foster<br />
collaboration with stakeholders as well as to connect with its employees across the globe, bridge the<br />
geographic boundaries and bring in transparency, Best Buy uses it to bring in a cultural shift in the<br />
organization, make staff more customer-oriented and foster innovation. Hyatt Hotels use social media<br />
(Twitter – the microblogging platform) to provide customer support through their online concierge service.<br />
Companies across variety of industries such as hospitality, travel and tourism, banking and financial services,<br />
life sciences, retail and consumer products, airlines, automobiles , fashion, education and many more are<br />
exploring social media to tap opportunities in market research, brand building , product promotion, product<br />
development, customer service, collaboration with stakeholders, employee engagement, and recruitment<br />
etc. Exhibit 6 highlights some successful cases where social media has been leveraged effectively for<br />
business benefits.<br />
Exhibit 6<br />
Successful Use of Social Media<br />
Area Company Activity Undertaken Impact<br />
Increasing Brand<br />
Awareness<br />
Adobe<br />
Product Promotion MTV India<br />
Product Development Dell<br />
Employee<br />
Engagement<br />
IBM<br />
Taking Social Media beyond Business Use<br />
Actively holding consumer interest through<br />
engagement ads on social networks – Set up of an<br />
Online Game<br />
Capitalizing on social media to keep the show buzz<br />
alive -Creation of an online and highly interactive<br />
model of the real game show<br />
Partnering with customers to contribute to, and<br />
integrated into, Dell’s product development<br />
Multiple in- house versions of web 2.0 with the<br />
intention of bringing employees, alumni, partners,<br />
vendors, and customers together<br />
• The game was played more than 14,000 times<br />
during the 1 month campaign<br />
• Rise in page view <strong>by</strong> over 48,000 a week<br />
• Over 40,000 fans on Facebook<br />
• 12,511 ideas contributed to community, with<br />
86,255 comments<br />
• 366 ideas implemented leading to launch of<br />
‘Latitute’ Laptop.<br />
• 60,000 blog users, 17,000 different blogs, 1 Mn<br />
page views per day on internal wikis<br />
• Launch of corporate social networking<br />
visualisation and analysis tools like ‘Atlas’<br />
The usage of social media has not been limited to just B2C or B2B areas. Rather, the emerging media has<br />
had far reaching effects on a multitude of other sectors like politics, social service, defense services etc.<br />
Many of us are not aware of the role that social media (besides the internet and mobile devices) played in<br />
building the brand ‘Obama’ and in turning the tide in Obama’s favor in the recent US presidential elections.<br />
An effective strategy was adopted to build the campaign leveraging on the strengths of the social media<br />
network. The campaign’s reach across social networking was enormous in scope, with a presence on<br />
Social Media : An Emerging Medium for Business Growth | 80